BOCA RATON, Fla. , Dec. 1 /PRNewswire-FirstCall/ -- Homeland Integrated Security Systems, Inc. (OTCPK: HISU) is pleased to announce that as of today, December 1, 2008 , the Company has changed its name to DirectView Technology Group, Inc. (OTCPK: DVWG) The Company will commence trading today under the new symbol DVWG. The Company has also changed its CUSIP number to 254576-101.
The Company's Board of Directors approved a reverse split of 10,000 shares of common stock into one share of the new common stock. The Company has undertaken a capital restructuring due to key events DirectView Technology Group has undertaken recently such as the acquisition of 100 percent of the assets of DirectView Video Technologies, Inc., and the recent acquisition of Homeland Integrated Security Systems. Homeland Integrated Security Systems will continue to operate as a wholly owned subsidiary of DirectView Technology Group, Inc. The Company's new direction better positions DirectView Technology Group for investments and to open new revenue streams as it expands its business model to include a variety of industries. Homeland Integrated Security Systems will remain a wholly-owned subsidiary of DirectView Technology Group Inc.
DirectView Technology Group is poised for growth with a product line that includes superior videoconferencing technology solutions and services and state of the art vehicle and asset recovery and tracking devices and services. A sampling of DirectView's customers include the Trump Organization, Burger King, Coca-Cola, BellSouth, AT&T, Travelocity.com, Del Monte , The Central Intelligence Agency and the New York City Police Department.
"We are very confident that this restructuring will help us enhance our financial standing and put us into a position where we can grow our portfolio and compete in several worldwide vertical markets. The coming year will be a period of vast growth for DirectView where we will add to our diversified portfolio of products that will benefit a variety of clients," stated Roger Ralston , CEO of Homeland Integrated Security Systems.